Key Points
- Pampa Energia director Marcos Marcelo Mindlin sold 1.8 million shares on May 19 at an average price of $3.48, totaling about $6.26 million. After the sale, he still owned nearly 25 million shares, and the transaction reduced his stake by 6.72%.
- The director has been actively selling shares recently, including another 1.8 million-share sale on May 8 plus additional large sales in April. These transactions suggest a pattern of continued insider selling over several weeks.
- Despite the insider sales, Wall Street sentiment remains positive: analysts currently rate PAM a consensus “Buy,” with an average price target of $105. The stock was also up 3.4% in Friday trading and was last quoted at $82.15.
Pampa Energia S.A. (NYSE:PAM - Get Free Report) Director Marcos Marcelo Mindlin sold 1,800,000 shares of the company's stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $3.48, for a total value of $6,264,000.00. Following the completion of the sale, the director owned 24,971,973 shares of the company's stock, valued at approximately $86,902,466.04. The trade was a 6.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Marcos Marcelo Mindlin also recently made the following trade(s):
- On Friday, May 8th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.35, for a total value of $6,030,000.00.
- On Wednesday, April 22nd, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.51, for a total value of $5,265,000.00.
- On Monday, April 20th, Marcos Marcelo Mindlin sold 1,250,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.43, for a total value of $4,287,500.00.
- On Thursday, April 16th, Marcos Marcelo Mindlin sold 1,675,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.54, for a total value of $5,929,500.00.
Pampa Energia Stock Up 3.4%
Shares of NYSE:PAM opened at $82.15 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average of $83.56 and a two-hundred day moving average of $84.72. The stock has a market cap of $4.47 billion, a P/E ratio of 10.24, a PEG ratio of 3.16 and a beta of 0.97. Pampa Energia S.A. has a 52-week low of $54.95 and a 52-week high of $94.50.
Pampa Energia (NYSE:PAM - Get Free Report) last issued its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%.The company had revenue of $573.00 million during the quarter. On average, research analysts expect that Pampa Energia S.A. will post 8.62 earnings per share for the current year.
Hedge Funds Weigh In On Pampa Energia
Several hedge funds have recently bought and sold shares of the company. Pictet Asset Management Holding SA lifted its stake in Pampa Energia by 1.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 16,531 shares of the utilities provider's stock worth $1,463,000 after acquiring an additional 316 shares in the last quarter. DGS Capital Management LLC lifted its stake in Pampa Energia by 16.6% during the 1st quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider's stock worth $273,000 after acquiring an additional 438 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Pampa Energia during the 2nd quarter worth about $37,000. Titan Global Capital Management USA LLC lifted its stake in Pampa Energia by 6.4% during the 1st quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider's stock worth $1,205,000 after acquiring an additional 820 shares in the last quarter. Finally, NFJ Investment Group LLC acquired a new position in Pampa Energia during the 4th quarter worth about $104,000. Institutional investors and hedge funds own 12.77% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on PAM. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Pampa Energia in a research note on Thursday, January 22nd. Wall Street Zen raised Pampa Energia from a "hold" rating to a "strong-buy" rating in a research note on Saturday, March 14th. Zacks Research raised Pampa Energia from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 29th. Finally, HSBC raised Pampa Energia from a "hold" rating to a "buy" rating and upped their price target for the company from $88.00 to $97.00 in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $105.00.
Check Out Our Latest Stock Analysis on Pampa Energia
Pampa Energia Company Profile
(
Get Free Report)
Pampa Energía SA is Argentina's largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.
In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina's power grid.
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